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Arctic Găeşti, the Romanian household appliance maker owned by Turkish company Arcelik, saw its turnover continue to decrease in 2009 as well, from EUR 213 million to EUR 186 million (-12.6%).

Ceramic tile maker "Cesarom", controlled by Austrian group "Lasselsberger", estimates that this year it will export ceramic tiles worth 1 million Euros to Bulgaria, the equivalent of 50% of its expected exports for this year.

True "pearls" of the Bucharest Stock Exchange, the financial investment companies (SIFs) are attracting attention from managers of the new pension funds, which are interested in increasing their exposure to some of the most valuable...

The Ministry of the Economy intends to sell the minority stakes it holds in the privatized branches of "Electrica" SA.

Honorius Prigoană is going to start a new business. So far, nothing out of the ordinary, especially since he has taken over most of his father"s stakes in various companies.

On Monday, the Romanian Securities Commission (CNVM) proposed to the managers of the Bucharest Stock Exchange, to issue the bases of a pilot project, by which several companies listed on the Rasdaq market would conform to the demands of the...

Grecia may activate the financial aid package promised by the European Union and the International Monetary Fund before the completion of the talks around this plan, which were launched yesterday, according to the announcement made by the...

Astra Vagoane Călători SA and Siemens signed in Budapest, the cooperation contract for the manufacturing of "Imperio" tramways, which will be manufactured by year end in Arad.

The mayoralty of the city of Brăila announced, for June 7, a call for tenders for the awarding of the contract for the modernization of the Dorobanţi Boulevard in the city.

The cabinet led by Emil Boc yesterday attended the Cotroceni Palace, to consult with the president, after Traian Băsescu expressed his discontent with the the lack of measures intended to cut public spending and the slow pace of decentralization.

The Government"s major project - The National Investment Fund, pops up every now and again, and a few months later we are told it is still in an "incipient" stage....

The "Danube Tiger" fund owned by Switzerland-based "Hyposwiss", one of the largest foreign investors on the Romanian stock market after "Julius Baer", owns over 30 million Euros worth of stocks and government bonds listed...

After an investment of around 2 million Euros, "Transgex" currently owns greenhouses spanning two hectares in Livada, county of Bihor, in which it uses geothermal water as an energy source.

The European currency rose for the fourth day in a row, as the official exchange rate of the Central Bank stood at 4.1597 lei/euro, up 1.68 bani, compared to Friday"s rate, when an Euro stood at 4.1429 lei/euro.

If it wasn"t for the IMF coming over to visit on April 27th, to decide whether they"re going to give us in June, the fifth installment of the loan (850 million Euros), then president Traian Băsescu would stop making a fuss on B1 TV that...

The public takeover bid for Perla Covasnei Sfântu Gheorghe launched by majority shareholder Violeta Moraru failed, as no shareholder was willing to sell their shares at the price of 1 leu/share.

Investment fund Equest Balkan Properties has announced that it has put up for sale a plot of land of 32,900 sqm in Ploieşti, at a price of EUR 70/sqm.

Public Private Partnerships as the stimulating factor for the growth of new constructions, was the main theme of discussion on Wednesday night for Italian businessmen and the mayor of Bucharest, Sorin Oprescu, at the event organized by Unimpresa.

Market sources say it is likely the leu is being kept artificially stable, sources in the market claim, who say that it is possible the Ministry of Public finance has cooked the books when it comes to reporting the budget deficit.

Staff expenses should be reduced this year by eliminating 100,00 jobs, but this kind of mass layoffs require a strong political will, said Lucian Croitoru, advisor to the governor of the NBR, who said he doesn"t rule out the use of unpaid...

The losses found following the investigation of the cases of fraud and tax evasion by the National Tax Administration Agency (ANAF), reached 1.36 billion Euros in 2009, up 45.6% over the previous year, according to an official report by the...

Sibiu-based construction Concefa SA last year saw its revenue decrease 43%, from 164.9 million lei to 93.4 million lei.

The value of gross subscribed premiums for CASCO insurance dropped 6% last year, and that of RCA premiums (ed. note. - Civil Auto Liability) increased 23%, but the value of damage payments increased significantly for both types of policies, the...

The Romanian government could sell some of its holdings in several companies listed on the stock exchange, such as Petrom and Transelectrica, or in companies which will be listed, which include Romgaz, subsidiaries of Enel and E.ON, and will hold...

The vice-president of PSD, Victor Ponta, asked the current government to honor its "promise" made nine or ten months ago, when the PD-L - PSD government passed a decision to guarantee the loan of Oltchim.

Braşov-based IASON SA, specializing in the manufacture and distribution of textile materials, saw its losses grow to 2.084 million lei in 2009, from 1.710 million lei, according to the preliminary financial statement sent to the Bucharest Stock...

The management of Atrium Centers yesterday announced that store openings in Atrium Center Arad, the first mall in the city, will continue.

The Romanian Securities Commission (CNVM) yesterday approved the project of the Alternative Trading System (ATS) developed by the Bucharest Stock Exchange of Bucharest, named CAN-BVB, almost two years after the project was proposed for the first...

Yesterday at 17.30, the Ministry of Transports announced that Vinci-Aktor, which was supposed to build the Comarnic-Braşov highway in exchange for 1.2 million Euros, unilaterally terminated the concession contract. The notice received by the...

The Romanian Securities Commission (CNVM) yesterday extended until May 15th the deadline by which the Proprietatea Fund was expected to file the documentation needed to register with the Commission, CNVM Commissioner Bogdan Chetreanu said for BURSA.

Cesarom, controlled by Austrian manufacturer Lasselsberger, is expecting its business to increase 10% this year, even as the market is expected to shrink 10%.

"Teraplast" Bistriţa, specializing in the production of construction materials, and Serbian company "Ferrodil", intend to set up a joint venture allowing "Teraplast" to open a warehouse in the former Yugoslavian region and...

Over 800 cases of electoral fraud uncovered during the presidential elections were recorded by the Romanian police, between November 22nd 2009- March 1st, 2010, according to an official statistic of the Ministry of Administration and Internal...

Shareholders of "Avicola" Braşov have agreed to have the company participate in an agricultural cooperative in the county of Alba, in which it will hold a 20% stake, and will invest 2,000 lei in its share capital.

Brokerage firm "Broker" Cluj reduced its stake in construction material manufacturer "Cemacon Zalău" (symbol: CEON) to 10%, after selling over 2.45 million shares for 381,700 lei, according to a report published on the website of...

The American Department of Justice is investigating whether some of the largest companies in the technology sector agreed not to poach each other"s employees, thus breaking antitrust laws, according to the Wall Street Journal, quoted by Mediafax.

The newspapers are filled with ads in which the National Tax Administration Agency auctions off the assets of companies, from apartments and land, to cars, computers or furniture.

The crisis did what the Romanian authorities and companies failed to do.

The company "Uztel" Ploieşti intends to increase its share capital by 2.2 million lei cash. The initial plan was supposed to increase the share capital by 19.2 million lei to 30.2 million lei, but some of the members of the Association of...

Employees of Electrica SA and of its branches could gain in court the right to have the state owned company draft the methodological norms for the sale of as much as 10% of the company to its employees.

The price of fuel in Romania depends on the quotations of the international markets and competition among producers. Another factor affecting price is the fiscal policy and the evolution of the USDRON exchange rate.

The state has over 130 million Euros in outstanding debt by various associations or private companies to which it sold or concessioned companies or farming land, according to a report by the Agency for State Properties (ADS), which was requested...